Considering these two cars for leasing. Both come out to be similar and I liked them equally when test driving. Which holds it value better and has easier maintenance during the lease?
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- Why do you care which holds its value better, you’re leasing. The residual is factored in to the lease, that’s the whole point of leasing.
Residuals for 10k/36 are 58% and 59% for the RX350 and RDX respectively, suggesting they hold their value about the same after 3 years (which is all that matters for your lease).
Maintenance is also irrelevant because it’s a brand new vehicle in the warranty period and while leasing you will be expected to maintain the maintenance schedule at an approved dealership.
If you’re leasing to buy: don’t. Just buy. You’ll get a higher discount off MSRP and your finance rate will be better than the leasing MF.
Lease whichever has better value numbers and whichever you like the most.
- Yes, but don’t. When you buy a car, just like leasing, there are incentives the manufacturer offers to encourage you to buy the car (discounts).
The incentives for buying always far outweighs the incentives for leasing. Combined with ridiculously low finance options, resulting in a lower monthly spend than the lease, means you pay less per month AND less overall when you buy directly (as opposed to leasing then buying).
Lease to buy is basically never the right answer.
- Buying a car in cash is not dumb, unless you’re talking about buying off the lot and taking the instant depreciation loss. Buying a 2-3 year used car with warranty in cash is always more economical than leasing for the remainder of that same car’s lifespan. If you’re able to sell that bought used car, you can recoup even more losses from depreciation.